$30,000,000 in Financing for Manufactured Home Communities by Award Winning Security Mortgage Group

February 1022:412017

ROCHESTER, NY – 10 Feb, 2017 – Security Mortgage Group, a national award-winning Manufactured Home Community lending broker, has provided $30,000,000 in financing for several manufactured home communities nationwide in January 2017.

Anthony J. DiMarco, the other Managing Director, helped negotiate acquisition financing for a repeat client’s purchase of two manufactured home (aka “mobile home”) communities in Buffalo and Verona, NY. The $5,950,000 non-recourse loan featured 4 years of interest only payments.

Gerry also helped negotiate refinancing for a client’s MHC in Norwich, CT with a non-recourse loan of $4,522,000. The loan featured a 12 year fixed and 4 years of interest only payments.

In addition, Anthony closed a loan for a repeat client’s acquisition of two communities in Augusta, ME. The non-recourse loan of $5,306,000 featured a long term fixed rate and a 30 year amortization.

Security Mortgage Group is a premier national lending source for Manufactured Home Communities, and is a four-time recipient of the “Manufactured Home Community Lending Broker of the Year” award given by the Manufactured Housing Institute.

To learn more about the company’s commercial mortgage programs for manufactured home communities, RV parks, self-storage and other income producing properties, click here.